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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 15,197 $ 10,514
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation/amortization 1,780 1,755
Net amortization of premiums on securities 335 535
Amortization of deferred loan origination fees and costs (1,264) (1,128)
Provision for loan losses 1,800 3,575
Recovery of foreclosed real estate 0 (47)
Increase in bank owned life insurance (730) (779)
Originations of mortgage loans held for sale (28,746) (28,467)
Originations of SBA loans held for sale (12,292) (3,186)
Proceeds from sales of mortgage loans held for sale 29,744 27,682
Proceeds from sales of SBA loans held for sale 10,352 2,148
Gain on sales of mortgage loans held for sale (718) (694)
Gain on sales of SBA loans held for sale (718) (129)
Gain on disposal of premises and equipment (11) (8)
Gain on sales of securities available-for-sale 0 (79)
Loss (gain) on sales of foreclosed real estate 3 (11)
Stock-based compensation 457 509
(Increase) decrease in interest receivable (174) 173
Decrease (increase) in other assets 355 (1,640)
Increase in interest payable 239 127
Increase (descrease) in other liabilities 1,830 (63)
Net cash provided by operating activities 17,439 10,787
Cash flows from investing activities    
Purchases of securities, available-for-sale (10,946) (10,669)
Maturities, repayments and calls of securities, available-for-sale 20,616 33,233
Sales of securities, available-for-sale 0 5,692
Net decrease (increase) in restricted investment in bank stock 189 (98)
Net increase in loans made to customers (94,963) (129,600)
Purchases of premises and equipment (2,231) (1,275)
Investment in bank owned life insurance (7) (4,007)
Proceeds from sales of foreclosed real estate 155 452
Net cash used in investing activities (87,187) (106,272)
Cash flows from financing activities    
Net increase in demand and savings deposits 69,510 60,564
Net increase (decrease) in time deposits 16,242 (1,969)
Net decrease in short-term borrowings (11,871) (24,713)
Proceeds from issuance of long-term debt 30,000 10,000
Repayment of long-term debt (25,000) 0
Cash dividends paid to shareholders (4,151) (3,418)
Issuance of stock 842 644
Net cash provided by financing activities 75,572 41,108
Net increase (decrease) in cash and cash equivalents 5,824 (54,377)
Cash and cash equivalents at beginning of year 79,524 74,032
Cash and cash equivalents at end of period $ 85,348 $ 19,655